TRADE TURBULENCE SENDS HRC FUTURES HIGHER

HRC Futures Rebound as Trade Uncertainty Reshapes the Curve

After the tentative US-Canada trade agreement fell through, CME Midwest HRC futures quickly reversed their initial selloff and climbed beyond previous levels. Near-term prices now carry a significant premium as tight supply and constrained spot availability continue to shape the market.

Meanwhile, reduced short positioning could make future gains more dependent on new buying and underlying fundamentals. With Canadian and Mexican trade negotiations still unfolding, the outlook remains highly sensitive to shifting headlines.